Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[Torque]

Good morning Bitcoinland.

I come back after a few days' absence and it's still around $360.

Better than the $320s of a week ago I suppose.

i wonder how far price needs to swing for you to consider it non trival

I'll take 'Back to the Future' for $800/btc, Alex.

[jbreher]

Good morning Bitcoinland.

I come back after a few days' absence and it's still around $360.

Better than the $320s of a week ago I suppose.

Three buck, four bits, and a dime. Honey badger be honeybadgeratin'

[peonminer]

Anyone else seeing this trend reversal?

Time to test $420?

[JayJuanGee]

Good morning Bitcoinland.

I come back after a few days' absence and it's still around $360.

Better than the $320s of a week ago I suppose.

i wonder how far price needs to swing for you to consider it non trival

I'll take 'Back to the Future' for $800/btc, Alex.

"Non-trivial"  BTC price movement seems like a fairly relative term that is based on a number of factors including:

1) time between price A and price B,

2) amount of movement (maybe measured as a percentage change between price A and price B) and

3) how long the price is able to stay (staying power) at it's new price point.


Maybe there are some additional factors that I am missing?

[JayJuanGee]

Anyone else seeing this trend reversal?

You mean price is going to go down from here?  or up from here? 

To which trend are you referring?
 

[Fatman3001]

So, in a society where everyone is trained to be well educated, business minded, money cautious, community prospering, and product longevity driven, would you still feel like you're living in a 'welfare state'? We outsource our assembly to sweatshops, and pay ass hats to sit on the couch and soak up fear porn on their tax paying citizen 'cable television'.

Hey, you might want to check your national news networks, your freedom is showing.

Freedom?

What are you talking about?

Don't you see that a society where you prescribe what kind of people should be in it is extremely collectivistic?

[peonminer]

Anyone else seeing this trend reversal?

You mean price is going to go down from here?  or up from here?  

To which trend are you referring?

[ChartBuddy]

Coin



Explanation

[peonminer]

So, in a society where everyone is trained to be well educated, business minded, money cautious, community prospering, and product longevity driven, would you still feel like you're living in a 'welfare state'? We outsource our assembly to sweatshops, and pay ass hats to sit on the couch and soak up fear porn on their tax paying citizen 'cable television'.

Hey, you might want to check your national news networks, your freedom is showing.

Freedom?

What are you talking about?

Don't you see that a society where you prescribe what kind of people should be in it is extremely collectivistic?

Horizontal collectivism stresses collective decision-making among relatively equal individuals, and is thus usually based on decentralization.

Bitcoin anyone?

Vertical collectivism is based on hierarchical structures of power and on moral and cultural conformity, and is therefore based on centralization.

Fiat anyone?

https://en.wikipedia.org/wiki/Collectivism

I appreciate your feedback Fatman, and I can see your side of each debate. I believe in a sense, we both have valid views and points. 

[adamstgBit]

Good morning Bitcoinland.

I come back after a few days' absence and it's still around $360.

Better than the $320s of a week ago I suppose.

i wonder how far price needs to swing for you to consider it non trival

I'll take 'Back to the Future' for $800/btc, Alex.

"Non-trivial"  BTC price movement seems like a fairly relative term that is based on a number of factors including:

1) time between price A and price B,

2) amount of movement (maybe measured as a percentage change between price A and price B) and

3) how long the price is able to stay (staying power) at it's new price point.


Maybe there are some additional factors that I am missing?

volume from price a to b?
chart technicals it breaks? ( tringale support / resistance...)

but with JimboToronto i could see price go to 1000 or 100 and he'd be like

"
Good morning Bitcoinland.

I see price went ____ in my short absence.

i'm indifferent, tra-la-la
"

it's all good!

if JimboToronto posts a train rocket or moon pic, GTFO

[adamstgBit]

https://www.youtube.com/watch?v=OeTwwgm6Vsc

[Fatman3001]

I appreciate your feedback Fatman, and I can see your side of each debate. I believe in a sense, we both have valid views and points. 

Thx, although I'm struggling to wrap my mind around your vision, it's good to see that you've thought about the things I've pointed out.

It seems to me that every self-declared anarchist/libertarian has their very own brand of political thought going.

I'd pay real money to see a documentary on Elwar's 'Libertarian Sea Community', if it ever were to happen.

[aztecminer]

It would take a desktop PC about Infinity years to crack your password

we're not going to use a desktop pc to crack his pw, we're going to use our asic farm.

[Fatman3001]

It would take a desktop PC about Infinity years to crack your password

we're not going to use a desktop pc to crack his pw, we're going to use our asic farm.

It would be so funny if he made a SHA-256 based password.

[JorgeStolfi]

OTOH, depending upon the coding of the website, the operator of 'howsecureismypassword.net' may already know yours.

I find it hard to imagine a motivation for someone to set up such a site other than building a file of passwords that are good candidates to brute force...

[aztecminer]

Anyone else seeing this trend reversal?

You mean price is going to go down from here?  or up from here? 

To which trend are you referring?
 

it will most likely drift upwards again here soon after the bitcoin shopping spree wears off. due to bitcoin staying in 300's there is now too much buying for bitcoin to go back below 300, and certainly never 200 again.

[aztecminer]

Good morning Bitcoinland.

I come back after a few days' absence and it's still around $360.

Better than the $320s of a week ago I suppose.

i wonder how far price needs to swing for you to consider it non trival

I'll take 'Back to the Future' for $800/btc, Alex.

"Non-trivial"  BTC price movement seems like a fairly relative term that is based on a number of factors including:

1) time between price A and price B,

2) amount of movement (maybe measured as a percentage change between price A and price B) and

3) how long the price is able to stay (staying power) at it's new price point.


Maybe there are some additional factors that I am missing?

volume from price a to b?
chart technicals it breaks? ( tringale support / resistance...)

but with JimboToronto i could see price go to 1000 or 100 and he'd be like

"
Good morning Bitcoinland.

I see price went ____ in my short absence.

i'm indifferent, tra-la-la
"

it's all good!

if JimboToronto posts a train rocket or moon pic, GTFO

he might be the only person in this forum making a profit from this mess too.

[peonminer]

China is slowly waking up.



Get ready.

[JayJuanGee]

Good morning Bitcoinland.

I come back after a few days' absence and it's still around $360.

Better than the $320s of a week ago I suppose.

i wonder how far price needs to swing for you to consider it non trival

I'll take 'Back to the Future' for $800/btc, Alex.

"Non-trivial"  BTC price movement seems like a fairly relative term that is based on a number of factors including:

1) time between price A and price B,

2) amount of movement (maybe measured as a percentage change between price A and price B) and

3) how long the price is able to stay (staying power) at it's new price point.


Maybe there are some additional factors that I am missing?

volume from price a to b?
chart technicals it breaks? ( tringale support / resistance...)

but with JimboToronto i could see price go to 1000 or 100 and he'd be like

"
Good morning Bitcoinland.

I see price went ____ in my short absence.

i'm indifferent, tra-la-la
"

it's all good!

if JimboToronto posts a train rocket or moon pic, GTFO

I get the sense that JimboToronto is a bot.  hahahahahaha


Good points regarding volume and chart technicals, yet I believe that in layman's terms those two dynamics add only one additional factor to my above list and that is something like:

4) likelihood that price will stay at price B, after its arrival.   

[aztecminer]

its MUST stay above 300 or peeps will try to buy a bunch more bitcoins...